Code Red
About
WyBlog, the best thing about New Jersey since the invention of the 24 hour diner.
Chris Wysocki
Caldwell, NJ
The nine most terrifying words in the English language are "I'm from the government and I'm here to help." - Ronald Reagan
Subscribe
Recent Posts
Recent Comments (RSS)
Twitter Feed
Blogroll
Links
Linkiest
CH 2.0 Info Center
The Jersey Report
Labor Union Report
Memeorandum
Net Right Nation
The Patriot Post Newsletter
Pajamas Media
PJTV
Victor Davis Hanson
J! E! T! S! Jets! Jets! Jets!
OpenVMS.org Portal
AVS Forum
NJ.com Caldwell Forum
The Caldwells Patch
The Jersey Tomato Press
![[socia.list]](http://wyblog.us/images/socia_list-1-200x75.jpg)
Badges
Link to me
Feedjit
Search WyBlog
The Party of "No"
Fair Use Notice
"This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. It is being made available in an effort to advance the understanding of environmental, political, human rights, economic, democracy, scientific, social issues, etc. It is believed that this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit for research and educational purposes."
Hey! I've moved to He's Pretty Fly For A Jersey Guy.
Please update your bookmarks. Thanks!
Saturday, 01 October 2011
Would the Feds still demand repayment if the ARC tunnel was a Green Energy fiasco?
The Tunnel to Macy's Basement might be dead and buried, but the "debt" Ray LaHood says NJ owes the federal government lives on. At first he demanded a $271 million penalty for canceling the over-budget and ill-conceived project. But Chris Christie said "no way."
Yesterday they reached a settlement, of sorts, for $95 million and some steak knives.
"We have negotiated a good faith settlement with the Federal (Transit) Administration that puts the interests of New Jersey taxpayers first by substantially reducing the federal government's original demand," Christie said Friday in a statement. He noted the state will not pay any penalties or interest, nor will it have to shell out money for insurance on the project.
"The 5-year payment schedule on a $95 million settlement — which contains not one additional dollar of New Jersey taxpayer money — would be offset by more than $100 million in insurance premium refunds," the governor said.
Whoop-dee-doo. They're "settling" for money we already paid; money that by rights should be New Jersey's.
How much of the $535 million Solyndra wasted will be repaid? Zero!
And what penalties will the Feds demand from Nancy Pelosi's brother-in-law if the $737 million solar-power boondoggle loan his firm just received turns out to be Solyndra 2.0? Um, none?
When it comes to key Democrat donors, the federal Green Energy money only flows one way.
But Chris Christie, who may or may not be running for president, is held to a higher standard than Friends of Barry.
It's the Chicago way!
Posted at 10:59 by Chris Wysocki
[/nj_politics]
Comments | Perm Link |
Technorati Tags:
ARC
tunnel
NJ-Politics
Chris-Christie
Ray-LaHood
|
Tweet
| Previous: My Weekly Obama Jobs Report, the Yup, It's Another Recession edition | Next: Their Arab brothers should fund Palestinian Hamasistan, not us |
| Main | |